James Rickards on "Why The Fed Will NOT Taper Quantitative Easing"

US job growth came in lower than expected in August, and the unemployment rate dropping to a four-and-a-half year low as workers gave up the search for work. This could delay the Federal Reserve's scaling back its massive monetary stimulus later this month. All eyes are on the Federal Open Market Committee meeting in just over 10 days' time. Until today's data it was widely anticipated we would see some easing or tapering of the stimulus programme. But James Rickards, author of Currency Wars: the making of the Next Global Crisis, believes that we won't see any cutting back at all of the Fed stimulus because the American economy remains just too weak.